As many EU GSP beneficiary economies witness an end to their benefits on 1 January 2014 with the activation of the new GSP scheme, some notables, including Sri Lanka, shall continue to smile vis-à-vis their shipments to world’s largest economy. Despite the reduction of the number of countries enjoying EU GSP in June 2012, starting tomorrow 1 January 2014, Sri Lanka has clinched 10 more years of this promising lifeline from the world’s largest trading bloc. "The EU parliament has approved the New GSP Scheme on 13th June 2012 and will come into effect from 1st January 2014. Sri Lanka will continue to be a beneficiary of the Scheme" revealed Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka
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